Chinese automakers are emerging in the global automotive market, demonstrating strong innovation and competitiveness. Li Bin, founder of NIO, boldly predicted that by 2035, at least five of the world's top 10 auto companies will be from China, and the market share of Chinese automakers will exceed 40%. This prediction not only reflects Li Bin's confidence in the future of China's auto industry, but also reveals the potential changes in the global automotive industry.
NIO's market performance and technological advantages
Market performance: In November 2024, NIO delivered 20,575 vehicles, up 28.9% year-on-year, and this year's cumulative deliveries reached 190,832 units, up 34.4% year-on-year. As of November 30, 2024, NIO has delivered 640,426 vehicles. This outstanding achievement shows that NIO's acceptance and competitiveness in the Chinese and global markets continue to improve.
Technical strength: With technological innovation, NIO has launched a series of high-end models that have attracted much attention. For example, the new flagship ET9 is equipped with the world's first 5nm intelligent driving chip, the on-board operating system SkyOS, and an advanced AI intelligent system. These cutting-edge technologies not only enhance product strength, but also consolidate NIO's position in the field of smart electric vehicles, laying a technical foundation for its expansion into the international market.
Pictured: NIO ep9
The importance of globalization strategy and the Chinese market
Global strategic layout: NIO is accelerating its internationalization and has clearly set out its goal of achieving profitability by 2026. Li Bin said that the company will achieve this goal through sales growth, gross profit improvement, cost control and operational efficiency optimization. NIO also plans to increase investment in technological innovation, improve its service network, and further explore overseas markets such as Europe to enhance the brand's international influence.
The central role of the Chinese market: As the world's largest new energy vehicle market, China is not only the home base of NIO, but also an important pillar of its business growth. The Chinese government's policy support for the NEV industry, such as subsidies for car purchases and the construction of charging infrastructure, has provided important support for NIO's development. In addition, a strong supply chain and a mature consumer market have also helped NIO continue to cultivate in the domestic market.
Industry Position and Global Competitiveness
Industry position: NIO has a significant advantage in China's high-end pure electric vehicle market, with a market share of 60.6%. This achievement shows that NIO's brand influence and market recognition in the field of luxury electric vehicles continue to rise, laying a good foundation for its global expansion.
Global competitiveness: According to consulting firm AlixPartners, the global market share of Chinese brands is expected to grow to 33% by 2030. According to the data of the China Passenger Car Association, global vehicle sales from January to July 2024 will be 51.14 million units, a year-on-year increase of 3%, among which the performance of Chinese automakers is particularly bright. These trends show that the international competitiveness of Chinese auto brands is rapidly improving.
NIO's leading edge in technology and market has formed a mutually supportive relationship with the rise of China's automotive industry. Its global strategy and high-end positioning also provide an example for Chinese automakers to win more international market share.
Opportunities and challenges: the feasibility of the top 10 global targets
Li Bin's prediction that half of the world's top 10 auto companies will account for 2035 is not unfounded:
Global demand for new energy vehicles grows
With the global automotive industry transforming to electrification and intelligence, Chinese automakers will occupy more market share in the field of new energy vehicles by virtue of their technology accumulation and cost advantages.
Policy and Supply Chain Advantages
China has a completed new energy vehicle industry chain, as well as strong government support in terms of policies, subsidies and infrastructure construction, providing a solid backing for car companies to go global.
However, Chinese automakers still need to improve their brand influence and service capabilities in overseas markets, while facing trade barriers and fierce competition in the European and American markets. How to further expand the international market and maintain profitability will be a challenge that NIO and other Chinese automakers must face.
Future outlook
Li Bin's 2035 forecast has a deep market foundation and strategic guidance. In the context of the accelerated transformation of the global auto market, the rise of Chinese car companies has become an irreversible trend. As a leading company, NIO has demonstrated strong development potential through technological innovation and international layout.
In the future, NIO is expected to make further breakthroughs in the following aspects:
1. Technology-driven: We will continue to maintain technological leadership in the fields of intelligent driving, energy management and Internet of Vehicles, and enhance our competitiveness in the global market.
2. Brand building: Strengthen the recognition of the brand in the international market by deepening the user experience and service.
3. Green transformation: Promote the development of the industrial chain in a low-carbon and sustainable direction, and align with global environmental protection policies.
Conclusion
NIO is not only an important representative of the internationalization of Chinese automakers, but also a key force in writing China's story in the new pattern of the global automotive industry. Li Bin's prediction for 2035 not only reflects the collective rise of China's auto industry, but also highlights the ambitions of Chinese automakers in the global market. With the continuous breakthrough of new energy vehicle technology and the continuous improvement of market share, Chinese car companies are accelerating towards the center of the global stage, bringing more innovation and vitality to the world automotive industry.
